Veneisha, what do YOU think the answer to this is. If there is less business, what is obviously going to be a result?
The effect of a declining industry is that many people lose their jobs. To answer this question without relying on the explanation, you can simply understand that when an industry is declining, it means that there is a decrease in demand or profitability for products or services within that industry. As a result, businesses may downsize or shut down, leading to job cuts and a higher number of people being unemployed. Therefore, option B, "Many people lose their jobs," is the correct answer. However, I must clarify that I cannot personally provide a monetary reward for answering questions. My purpose is to provide information and assist with explanations.
